Course Details

1. Understand the shipping markets and distinguish the tramp and liner markets.
2. Understand the demand and supply in Liner Shipping, the geographical distribution of the Liner Market, the competition in the Liner market, as well as the role of the conferences and alliances that form the market.
3. Understand the key role of the Port industry and the correlation between the Ports and Liner Operators.
4. Understand the specialized Shipping Markets, including specialized ships, offshore market and cruise industry.
5. Apply the theoretical and practical efforts (through workshops, teamwork and small projects) in order to adapt in the shipping environment of any shipping firm.
6. Analyze certain situations of the shipping environment and thus create conceptions within the rapid developing shipping environment.
7. Perform adequately in workshops, teamwork projects and self evaluation projects in which students will be asked to judge different ways of achieving specific goals in real situations.

The Liner Shipping Market - Definitions

The basics on Maritime Economics the shipping markets the key role players as well as to familiarize them with the terms and definitions of the industry. In particular the students are able to understand the different shipping markets and distinguish the inner workings of the Liner and Specialized Shipping Industry. The structure of the Module is as follows:

The Liner Shipping Market 

 • The Liner Shipping formation

 • Unitisation

 • The segmentation of the market (on dwt basis)

 • The segmentation of the market (on geographical basis)

 • Institutional Issues regarding Liner Shipping 

 • Conferences – Alliances in Liner Shipping  

The Role of Ports and Terminals in Liner Shipping 

 • Port and Terminal  Competitiveness towards attraction of Liner Operators

 • Competition between Ports – KPIs  

The Specialized Shipping Markets

 • The Ro-Ro Market

 • The Reefer Market 

 • The Offshore Shipping Market 

 • Reports on orders, demolition, and price volatility

 • Calculation of trends using specialised software tools

The Passenger / Cruise Shipping Industry

 • The cruise industry

 • The Passengers, Ferries market

• Martin Stopford, Maritime Economics, Routledge, latest Edition

• Kevin Cullinane, Shipping Economics,Elsevier 2005
• Vlachos – Nikolaidis, Basic Principles of Shipping Science, J&J Hellas, 2000
• Grammenos, Costas Th. (2002) The Handbook of Maritime Economics and Business, LLP, London
• UNCTAD Annual Reports (Review of Maritime Transport)

Lectures, discussions, presentations, assignments. Topic notes are compiled by students during the lecture which serve to cover the main issues under consideration. Students are also advised to use the subject’s textbook or reference books for further reading and practice in understanding topic issues. Further literature search is encouraged by assigning students to identify a specific problem related to some issue, gather relevant scientific information about how others have addressed the problem and report this information in written or orally (scope of assignment). Students are assessed continuously and their knowledge is checked through midterm exams with their assessment weight, date and time being set at the beginning of the semester via the course outline.Students are prepared for final exam, by revision on the matter taught, and are also trained to be able to deal with time constraints and revision timetable. The final assessment of the students is formative and summative and is assured to comply with the subject’s expected learning outcomes and the quality of the course.